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Non-self-averaging in macroeconomic models : a criticism of modern micro-founded macroeconomics

Aoki, Masanao (contributor); Yoshikawa, Hiroshi (contributor) - 2007

Using a simple stochastic growth model, this paper demonstrates that the coefficient of variation of aggregate output or GDP does not necessarily go to zero even if the number of sectors or economic agents goes to infinity. This phenomenon known as non-self-averaging implies that even if the...

Persistent link: https://www.econbiz.de/10003631649

[Besprechung von:] Aoki, Masanao: Notes on economic time series analysis. System theoretic perspectives. Berlin, New York [u.a.] 1983.

Kockläuner, Gerhard - In: Kyklos : international review for social sciences 37 (1984) 3, pp. 470-471

Persistent link: https://www.econbiz.de/10002256483

Why macroeconomic price indices are sluggish in large economics?

Aoki, Masanao; Yoshikawa, Hiroshi - In: The complex networks of economic interactions : essays …, (pp. 17-36). 2005

Persistent link: https://www.econbiz.de/10003253873

A new model of labor dynamics : ultrametrics, Okun's law, and transient dynamics

Aoki, Masanao; Yoshikawa, Hiroshi - In: Nonlinear dynamics and heterogeneous interacting agents …, (pp. 203-219). 2005

Persistent link: https://www.econbiz.de/10002774899

[Besprechung von:] Aoki, Masanao: Optimal control and system theory in dynamic economic analysis. New York [u.a.] 1976

Zauberman, Alfred; Gottinger, Hans - In: Zeitschrift für die gesamte Staatswissenschaft : ZgS 133 (1977) 4, pp. 747-749

Persistent link: https://www.econbiz.de/10003025626

The long stagnation and monetary policy in Japan

Aoki, Masanao; Yoshikawa, Hiroshi; Shimizu, Toshihiro - In: Monetary policy and unemployment : the US, Euro-area, …, (pp. 133-165). 2005

Persistent link: https://www.econbiz.de/10002688717

[Rezension von: Aoki, Masanao, New approaches to macroeconomic modelling]

Orszag, Jonathan Michael - In: Economica 64 (1997) 254, pp. 367-368

Persistent link: https://www.econbiz.de/10001349333

[Rezension von: Aoki, Masanao, New approaches to macroeconomic modeling]

Hansen, Lars Peter - In: Journal of economic literature 36 (1998) 1, pp. 239-241

Persistent link: https://www.econbiz.de/10001349720

Demand saturation-creation and economic growth

Aoki, Masanao; Yoshikawa, Hiroshi - In: Journal of economic behavior & organization : JEBO 48 (2002) 2, pp. 127-154

Persistent link: https://www.econbiz.de/10001662819

Modeling aggregate behavior and fluctuations in economics : stochastic views of interacting agents

Aoki, Masanao - 2002 - 1. publ.

Persistent link: https://www.econbiz.de/10001615598